278 5th CtMobileAL36603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mobile at 278 5th Ct, Mobile, AL, 36603 priced at $190,210 converts $1,507/mo rent into $409/mo cash flow after a $931/mo obligation. Total monthly income equals $1,507/mo, and annual cash flow totals $4,907/yr on $63,055 invested. Return on cash invested prints 27.69% in year one, and rental yield reads 9.51% against a $190,210 entry. Equity gained on principal adds $1,227/yr, while 5% annual appreciation compiles into $52,552 by year five. Five-year ROI reaches 144.02% and total cumulative return in cash sums $90,810. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,507/mo property income covering a $931/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36603, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,885 (100%) |
| Owner Occupied HU | 1,078 (27.7%) |
| Renter Occupied HU | 1,953 (50.3%) |
| Vacant Housing Units | 854 (22.0%) |
| Median Home Value | $119,133 |
| Average Home Value | $197,221 |
Housing Distribution
Address Breakdown
Residential
3,152
Single Family
2,556
Multi-Family
596
Businesses
327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Lambert • Better Homes & Gardens RE Platinum Properties
Mls Name: GCMLS
Mls Provider:
Mls ID: #7461876
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.